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MEANING OF MANAGEMENT


There are many differently worded definitions of management to be found, one of the definitions I came across in Richard L Daft, Management, Fourth Edition text book is �Management is the attainment of organizational goals in an effective and efficient manner through planning, leading, and controlling organisational resources.”


Mary Parker Follett described management as �the art of getting things done through people”, a simple but appropriate statement. Hence management can be seen as both art and science. It is the art of making people more effective than they would have been. The science is in how you do that.


According to Peter Drucker, �management is a practice rather than a science or a profession so there are no precise solutions, and the ultimate test of management is achievement and business performance”.


Cheap Custom Essays on Organisational Behaviour




As adapted from General and Industrial Management, Henri Fayol, 116, management is to forecast and plan, to organize, to command, to coordinate and to control.


There are four basic functions of management plan, organise, lead and control. Emerging trends in management include statement that leading is different than managing, and that the nature of how the four functions are carried out must change to accommodate a new paradigm in management. Leader needs to establish vision and goals, communicating the vision and goals, and guiding others to accomplish them. They must also be more facilitative, participative and empowering in how visions and goals are established and carried out.


To most employees, the term management probably means the group of people (executives and other managers) who are primarily responsible for making decisions in the organization.


IMPORTANCE OF MANAGEMENT


Management is important in our society today. Accordingly, there are two reasons for studying management. Firstly, we interact with organizations every day of our lives. Every product we use and every action we take is provided or affected by organizations. These organizations require managers. Secondly, upon graduating, you will either manage or be managed. A course in management provides insights into the workings of organizations.


The importance and responsibility of management are widely, and rightly, recognised. The responsibility of management in our society is vital not only for the enterprise itself but for management’s public standing, its success and status, for the very future of our economic and social system and the survival of the enterprise as an autonomous institution. Organisations need effective manager to plan, organise, lead and control to attain organisational goals in an effective and efficient manner. Orgaisations without management, the resources of production remain resources and never become production. In a competitive economy, the quality and performance of the managers determine the success of a business; in reality they determine its survival. And the quality and performance of its managers is the only effective advantage an enterprise in a competitive economy can have.





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